Best Crypto to Buy After Top Analyst Says US Bitcoin Reserve Could Increase C...
Ryan Rasmussen, head of research at Bitwise Asset Management, believes that a strategic Bitcoin reserve could be a fundamental move in the accelerated global adoption of the digital asset. It will increase Bitcoin’s legitimacy and remove fears of government retaliation. Trump, on March 6, signed an order to put into motion the formation of a Bitcoin reserve consisting of assets forfeited in civil and criminal cases. This alone would amount to around 200,000 $BTC currently valued at around $17.9B. Not a single cent of taxpayers money would be expended for this purpose. The U.S. just....
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Bitcoin analyst says new ATH in October is likely as on-chain data shows stablecoins may have started to pump into BTC. Stablecoins Reserve Starts Moving Down, Bitcoin To Reach New ATH In October? As explained by an analyst on CryptoQuant, after staying at highs, the stablecoins reserve has finally started a decline. Based on this and a couple other indicators, the quant believes there is a high probability we will see a new Bitcoin all time high (ATH) in October. The stablecoins exchange reserve is an indicator that shows the total amount of fiat-tied coins currently present on exchanges.....
On-chain data shows the Bitcoin derivatives exchange reserve has surged up recently, a sign that the crypto may face more volatility in the near future. Bitcoin Derivatives Exchange Reserve Observes Uplift Over Last Two Days As pointed out by an analyst in a CryptoQuant post, conditions seem to be brewing up in the BTC market that could lead to higher volatility in the price. The “derivatives exchange reserve” is an indicator that measures the total amount of Bitcoin currently sitting in the wallets of all derivatives exchanges. When the value of this metric goes up, it means....
On-chain data shows the Ethereum Exchange Reserve has remained at low levels recently. Here’s what it could mean for the ETH price. Ethereum Exchange Reserve Has Been Moving Flat Recently As explained by an analyst in a CryptoQuant Quicktake post, the Ethereum Exchange Reserve has recently been at its lowest level since 2016. The “Exchange […]
On March 3, Federal Reserve Chair Janet Yellen announced at the Executives’ Club of Chicago that the Fed is likely to increase interest rates later this month. As a result, Bitcoin price is also likely to increase, as the value of reserve currencies including the Japanese yen and Chinese yuan falls. When the Fed increases its rates, the value of the US dollar naturally increases. Even with a speculation or a forecast from the Federal Reserve, the value of the yen, yuan and the Korean won would fluctuate. Yellen announced: “We currently judge that it will be appropriate to gradually....
A crypto analyst has revealed a timeframe for XRP, the native token of the XRP Ledger (XRPL) to witness a substantial 102,590% rally. If this price surge occurs, XRP’s current modest value could skyrocket to an impressive $500 during this bullish cycle, albeit under certain conditions. Analyst Foresees XRP Surging By 102,590% In an X (formerly Twitter) post, on June 10, a crypto analyst identified as ‘Egrag Crypto,’ shared a detailed price chart depicting when XRP will surge to new all-time highs this bullish cycle. The analyst projected an astonishing price increase for XRP, revealing....